Making changes within your RRSP from the US

Canadian Expats and travelers in the USA can communicate with each other here!

Moderator: visaplace.com

ZorbNew Member
Topic author
Posts: 2
Joined: 16 May 2008
Location: Houston

Making changes within your RRSP from the US

Post Fri May 16, 2008 6:08 am

I am a Canadian living in the States and want to sell off some of my mutual funds and buy stock within my RRSP. All of my current RRSP portfolio is held within a mutual fund company who can not trade stock. Can any one direct me to a bank,trading house or any financial institution who I could transfer a portion of my portfolio over to, in order to be able to make such a deal.
Top
StevenCanuckAbroad VIP
Posts: 3637
Topics: 2
Joined: 28 Sep 2007
Location: Calgary

Post Mon May 26, 2008 9:12 pm

Depends on your tax status. If you're still filing a T1 in Canada you can just look up the different banks, ING etc. who offer different RRSP options. If you've moved your tax home to the US (i.e. you file a 1040 instead of a 1040NR and no longer file a T1 in Canada) then doing anything with your RRSP is really complex because technically it's a foreign asset and you'd be better off moving it over gradually to a 401(k).
Steve.
Top

Did you enjoy this post? Share it!

 
  • Related topics
    Replies
    Views
    Last post